USOIL DROP CONTINUE Hey there on 4hTF the USOIL has Looks After Reach Out 78
Then We Can Also set our Mind in Sell Area
So If you are looking for again short then entry 78 and hold 73
Usoilshort
USOil moving lower**Monthly Chart**
Last month candle closed bearish after testing the low of key reversal candle of the previous month and started moving lower. The next target on monthly is around 71 level and then 63 level respectively.
**Weekly Chart**
Last week's candle closed as a bearish key reversal suggesting a continuation of the downtrend move.
**Daily Chart**
USOil broke the relative equal high of the range with the creation of manipulation candles at around 80 levels. The next target is to break the soft level of supports around 75.50 level and move aggressively lower. A corrective move around 78.00 level is required to push the price lower. The next target is around the 72 to 70 level.
Crude oil under pressure 80.3 return rangeCrude oil technical analysis
Daily resistance 79.2-83.4, support below 77.5
Four-hour resistance 79.2-80, support below 78.5
✅Crude oil operation suggestions: Crude oil fell back after reaching a high yesterday. It failed to continue its strong performance after breaking through 80.0. The small negative line retreated and showed signs of seeking support at a lower level. In a strong market, the price usually falls back on the same day. Yesterday, it fell back and closed at a low level, which made the short-term bulls not strong. It still returned to a volatile trend. Be careful of today's rapid rise to repair the decline.
The overall price continued to fall back after encountering resistance above the 80 mark. The short-term daily level continued the rhythm of long and short wide fluctuations. Today's upper resistance focuses on the opening of yesterday's hourly line near 80.3-80.5, and the lower support focuses on the 78.5 line. During the day, keep selling high and buying low according to this range.
BUY:79.2 near SL:79.00
BUY:78.5 near SL:78.00
The crude oil brokers' quotations are different, only for reference of trading direction
USOIL: Current oil prices are widening their fluctuation rangeUSOIL: Current oil costs are widening their fluctuation range. The short-time period upward fashion because of climate facts in North America and Texas reasons short-time period worries approximately oil output on this region. However, withinside the future, oil costs will nevertheless generally tend to lower and watch for bulletins from OPEC+. We can see that individuals of OPEC+ and Russia have all proven symptoms and symptoms of growing production, so the chance of a lower in oil costs is surprisingly high. Consider promoting across the modern rate range. Target is 76$/1 barrel
USOIL sell side Hey there on 2hTF the USOIL has looking today sell scenario can be retest from 79.00
79.50 can there again slip downside continue will looks for next support 77.50
USOIL: Short-term oil prices are on the way to recovering to $80USOIL: Short-time period oil fees are at the manner to convalescing to BSE:EIGHTY because the marketplace is presently watching for the subsequent OPEC+ meeting. However, the chance of a lower is fantastically excessive due to the fact OPEC+ nations have nearly all showed the growth in production. This will probably reason oil fees to drop even lower. Consider ready to promote with USOIL around BSE:EIGHTY with the anticipated goal to go back to $75-76
USOil short term Bullish and long term Bearish**Monthly Chart**
USOil last monthly candle created a swing high with a Ring high formation which indicates a continuation of the bearish trend as it bounced from a key level at around 87.60. This month the price opened from the low of the previous candle and continues to move lower. The next level is around 70.00 and then 66.60.
**Weekly Chart**
The last weekly candle closed bearish which has created a different opinion on whether USOil price might continue moving lower after breaking the soft support level or bounce from it at around 75.90.
**Daily Chart**
I am seeing short-term bullish to break the equal highs above 80.00 level before continuing the move lower. Therefore, my long-term bias is still bearish for USOil.
The plan for this week. I will only react near the low and high of the levels that I marked. Plus I will look for a confirmation candle (some calls it insurance candle).
USOIL: Oil prices have turned downUSOIL: Oil fees have became down. In the fast time period, there are symptoms and symptoms of breaking the preceding growing channel. Besides, the fast-time period accumulation region around $77 -seventy nine is likewise displaying a main weak point withinside the context that OPEC+ has finished its discount goal and is making plans to boom production. In the fast-time period destiny scenario, it's far in all likelihood that OIL will drop to deeper charge levels. You can watch to promote with short-time period expectancies of around $75/1 barrel.
USOIL shortShorting the idea the fact that its a retracement move then making another leg lower. Also adding in the fundamentals that inflation is cooling and FOMC is round the corner.
watch this space :)
A must-read for trading oil
If you are a friend who likes to trade oil, you can do a rebound at 77.5-77.8. Combined with the trend channel, oil will rebound to a certain extent after falling. For ultra-short-term trading, you can also buy to earn the difference.
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But everything will change after you follow me.
Because we will be the ultimate winner!
Sell oil. A must read if trading oil.
In terms of oil, after the news of substantial persistence came to light. Oil prices have been trending downward. This is true in the medium term and also in the short term. Currently, the top of 79 serves as a pressure position and is a good selling point. The small-level target below is around the price of 77.5.
Operations are still focused on selling.
In the past, you always failed when trading alone.
But everything will change after you follow me.
Because we will be the ultimate winner!
OIL: Descending channel, sell on highsCrude Oil Technical Analysis
Daily resistance is 79.7-83.6, support below is 76.8-75
Four-hour resistance is 78.6-79.7, support below is 76.8
Crude oil operation suggestions:
Last Friday, the overall oil price fell under pressure from the 79.9 mark. The overall price appeared to be suppressed and encountered resistance at the 79.9 mark. There is still room for decline in the short term. Today, the upper resistance will focus on the hourly top-bottom transition level around 79-78.8. The intraday rebound will rely on this position to continue to be bearish. . The lower target level still focuses on new lows, and the short-term weak short-term dividing line focuses on the 79.7 mark. Before the daily level reaches this position, continue to maintain high price short selling.
SELL:78.8near SL:79.1
SELL:79.7near SL:80.0
Technical analysis only provides trading direction!
Oil price real-time trading details
Oil prices are currently back at low levels, supported by the June production cut agreement. In the short term, buying is still the main focus, taking the price of tradingview as an example. 78.2-78.5 is used as the buying range.
The target can be set at 79.6-80.5.
USOIL WILL FURTHER DOWNSIDE Hey there on 2hTF the USOIL will looks sell side from 79.50 can be again liquidity grab and will be go Downside
USOIL WILL SLIP DOWNSIDE Hey There on 1htF the USOIL has looking for short scenario till our next Target 76.75 so we can observe that can slipped again from 78 to 76-75 so that can be rebound in these area but we can first have to watch continue sell side area
Crude oil continues to be shorted at high pricesCrude Oil Technical Analysis
Daily resistance is 79.6-83.4, support below is 76.8
Four-hour resistance is 79.6-80, support below is 78-76.8
Crude oil operation suggestions: Shorts dominate the daily chart, and the trend of suppressing shorts and oscillating downwards has been formed for 6 consecutive trading days.
The short-term resistance above today continues to focus on the vicinity of 79.6. The rebound relies on this position to continue to be bearish and the target continues to be new lows. The short-term oil price long-short dividing line focuses on the 80.5 mark. Any counterattack before the daily level does not break through and stand at this position is Short opportunities and keep trading with the trend.
SELL:79.6 near SL:80.00
SELL:83.4 near SL:83.80
SELL:79.0 near SL:79.40
Technical analysis only provides trading direction!
USOil Trade IdeaUSOil (WTI) is under pressure, it has retraced into my optimal entry zone on the 4H. Looking to sell at the currrent level with a 2R target. SL above the previuos high. Not financial advice.
USOIL - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I wait price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block.
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USOIL UPDATE M30
Hey team, Hope you are Enjoying our ideas and Analysis, Today we are Monitoring USOIL looking for Buy Update Around 78.79 One More Buy Limit Around 78.41, Once we will Receive any Bullish Conformation the Trade Will be Excuted
Good Luck Guys 🤞
(WTI Crude Oil) US oil Short - 1.62RR - Head And ShoulderTrade Idea: Short US Oil (WTI Crude Oil)
Analysis:
Head and Shoulders Pattern: The Head and Shoulders pattern is a classical reversal pattern that typically forms after an uptrend and indicates a potential trend reversal to the downside. In this case, the presence of a Head and Shoulders pattern on US Oil suggests a possible reversal from bullish to bearish sentiment.
Technical Indicators:
Confirmation: Look for additional technical indicators or chart patterns to confirm the potential reversal signaled by the Head and Shoulders pattern. This could include bearish divergence on oscillators like RSI or MACD, bearish candlestick patterns, or a break below key support levels.
Trade Setup:
Entry: Place a sell stop order below the neckline of the Head and Shoulders pattern. The neckline acts as a key support level, and a break below this level confirms the pattern's completion and the potential downtrend continuation. Ensure the entry is triggered only when the price breaches the neckline.
Stop-loss: Set the stop-loss order above the recent swing high or above the right shoulder of the Head and Shoulders pattern to protect against potential losses if the price reverses unexpectedly. Place the stop-loss level outside of the pattern to avoid being stopped out by normal market fluctuations.
Take-profit: Determine the take-profit target based on key support levels, Fibonacci extensions, or a favorable risk-reward ratio. Consider scaling out of the position as the trade progresses to lock in profits.
Risk Management:
Position Size: Calculate your position size based on your risk tolerance and the distance between your entry point and stop-loss level, ensuring that you only risk a predetermined percentage of your trading capital per trade.
Risk-Reward Ratio: Aim for a risk-reward ratio of at least 1:2 or higher to ensure that potential profits outweigh potential losses.
Conclusion:
With the formation of a Head and Shoulders pattern indicating a potential reversal to the downside for US Oil, a short position presents a favorable trading opportunity. However, always conduct thorough analysis, practice proper risk management, and remain vigilant for any unexpected market developments.
Usoil-fall
I have always emphasized that oil will fall, and the target is 83.5-84.5. Yesterday, oil reached the lowest level near 84. Now oil has been oscillating back and forth in the 84-87 range. We can still wait for the upper edge of the range to sell.
Control your positions reasonably and wait for the right opportunity to trade
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Usoil-analysis and ideas
As can be seen from the chart, two great resistance points formed near 87.6, which can mean that the short-term top of oil is slowly beginning to form. The previous idea was to call back to around 83.5, or even reach 80-82. The short-term decline was too fast, so I I think there will be a certain rebound, reaching 83-83.5, and then continuing to fall.
The current trend has verified my last idea. This is the latest idea for your reference. Join me and make money with me.
